Optimized combination, regularization, and pruning is proposed for the Parallel Consensual Neural Networks (PC-NNs) which is a neural network architecture based on the consensus of a collection of stage neural networks trained on the same input data with different representations. Here, a regularization scheme is presented for the PCNN and in training a regularized cost function is minimized. The use of this regularization scheme in conjunction with Optimal Brain Damage pruning is suggested both to optimize the architecture of the individual stage networks and to avoid overfitting. Experiments are conducted on a multisource remote sensing and geographic data set consisting of six data source. The results obtained by the proposed version of PCNN are compared to other classification approaches such as the original PCNN, single stage neural networks and statistical classifiers. In comparison to the originally proposed PCNNs, the use of pruning and regularization not only produces simpler PCNNs but also gives higher classification accuracies. In particular, using the proposed approach, a neural network based non-linear combination scheme, for the individual stages in the PCNN, produces excellent overall classification accuracies for both training and test data.